Emperor Watch & Jewellery has warned of a net loss in the half year to June 30 – up to 30 per cent worse than its loss in the same period last year.
The increased loss is mainly because of lower revenue from weakened consumer sentiment in Hong Kong, says the company. Other factors are Hong Kong’s strong currency and fewer visitors from Mainland China.
The company’s board says this is just a preliminary review, with audited results for the six months yet to be released.